The Conversation (0)
Brazil Minerals (OTCQB:BMIX) that diamonds produced at its operations in 2014 that have been cut, polished and graded by the Gemological Institute of America (GIA) have reached an average value of $3,250 per carat on the Rapaport scale. The valuation represents a significant premium to the price for rough diamonds from the mine.
As quoted in the press release:
Given the established quality of its polished diamonds, in the last two weeks the Company sold ungraded polished diamonds to knowledgeable private buyers in Brazil. These buyers expressed further demand for the Company’s polished diamonds and therefore a new channel for sales has been created. Additionally, the Company periodically sells GIA-graded polished diamonds to U.S. private buyers and ungraded polished diamonds to an 11-store jewelry chain in Brazil that has been in operation since 1944 and caters to the high-end market.
Click here to read the Brazil Minerals (OTCQB:BMIX) press release
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